ERC Contributes 74% to Qalaa’s Total Revenue in Q3 2023
The Egyptian Refining Company (ERC), which is a subsidiary of Qalaa Holdings Company, has contributed 74% to Qalaa Holdings' total revenue during Q3 of 2023.
The Egyptian Refining Company (ERC), which is a subsidiary of Qalaa Holdings Company, has contributed 74% to Qalaa Holdings' total revenue during Q3 of 2023.
Qalaa Holdings Company has announced that it has achieved remarkable growth in its revenues reached to EGP 97.7 billion in the fiscal year (FY) 2022 compared to EGP 4.1 billion in FY 2021 increasing by 113% driven ...
Qalaa Holdings's consolidated revenues reaching EGP 26.981 billion in the second quarter of 2022, making a 165% year-on-year (YoY) increase.
Qalaa Holdings announced strong revenue growth of 27% year-on-year (YoY), recording EGP 45.8 billion in 2021, through the strong performance of its subsidiaries, especially the Egyptian Refining Company (ERC) and ...
At ERC, despite a 22-day stoppage due to a scheduled maintenance in 2Q21, the refinery’s revenues increased by 52% year-on-year on the back of recovering market conditions.
Master Gas Company, one of TAQA Arabia companies, announced the inauguration of its first natural gas station in Al Rehab area at New Cairo in cooperation with Chill out company which is a subsidiary form the Nati ...
Qalaa Holdings (CCAP.CA), has declared the successful operation of the Hydrocracker in its flagship project, Egyptian Refining Company “ERC”.
Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity.
The final tranche was requested by ERC's project finance lenders and is divided into $70 million for capital increase and $50 million for shareholders' loan.
The company's operating profit grew by 36% to reach EGP 1.3 billion in 2018, which is supported by the strong performance of all the affiliated companies.